“Hanke warns about the dangers of less than scrupulous actors taking advantage of the world of AR. ‘Think about a wearable device that’s with you all day long. If it’s on your head, it probably knows where you’re looking most of the time. Maybe it knows about other things too, like your heart rate. You…
Month: November 2021
Six AI and Big Data Trends in Banking for 2022
“81% of bank and credit union executives believe that unlocking value from AI will be the key differentiator between winning and losing institutions, research by The Economist Intelligence Unit and Temenos found. Appen, a data collector, found that 71% of technologists say that Covid either somewhat or significantly accelerated their AI strategy. And one of…
Like It Or Not, Artificial Intelligence Is Coming To Every Part Of Retail
“COI Energy Services. In just a few hours, they can install and set up their software. Over a year’s time, they will save a supermarket of 50,000 square feet $60,000 on their electric and gas costs, that’s 40% of their total costs. That’s not theoretical, Publix Supermarkets, the fifth largest grocer in the country, uses…
Survey of Fintech and Banking Executives Reveals Identity Authentication Risk and Customer Dissatisfaction Top List of Concerns
“Identity authentication is most often conducted with one-time passwords (36%) or a combination of OTP and KBA questions (29%). While respondents’ familiarity with facial biometric identity authentication is high (88%), less than one-quarter (22%) currently use this technology. More than two-thirds (70%) of respondents are either “highly likely” or “somewhat likely” to consider facial biometric…
How AI Drives the Future of Personalized E-commerce
“These shoppers have higher expectations than ever before. While nine out of 10 consumers say they expect online shopping to be equal or better than in-store, half are experiencing crushing disappointment according to our study. If retailers don’t address this experience gap, more bad news awaits. Almost three-quarters of customers say they will abandon a…